📊Executive Summary

Ford has announced a significant $19.5 billion write-down due to weak demand for electric vehicles (EVs), leading to the cancellation of several planned EV models, including the electric F-150 Lightning and a new electric truck, the T3. This decision comes after a 40% decline in US EV sales in November, attributed to the end of a $7,500 tax credit for EV purchases. The company plans to pivot towards hybrids and extended-range EVs, aiming for these to represent 50% of total sales by 2029. Other automakers like GM and Stellantis are also scaling back their EV plans, indicating a broader trend in the industry....